Capital One Financial (NYSE:COF) Posts Quarterly Earnings Results, Beats Estimates By $3.55 EPS

Capital One Financial Corporation (NYSE:COF) posted its earnings results on Tuesday. The financial services provider reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $1.93 by $3.55, Zacks reports. Capital One Financial had a return on equity of 9.63% and a net margin of 9.65%.

Capital One Financial Trading Up 0.5%

Shares of COF stock traded up $1.17 on Tuesday, reaching $217.05. 4,288,213 shares of the stock were exchanged, compared to its average volume of 3,628,356. The firm has a 50 day moving average of $202.98 and a two-hundred day moving average of $190.43. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.65. Capital One Financial Corporation has a 1-year low of $128.23 and a 1-year high of $223.70. The stock has a market cap of $83.16 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 0.91 and a beta of 1.15.

Capital One Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.60 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.11%. Capital One Financial's payout ratio is 20.15%.

Insiders Place Their Bets

In other Capital One Financial news, insider Michael Zamsky sold 9,560 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $199.40, for a total value of $1,906,264.00. Following the completion of the transaction, the insider directly owned 20,089 shares of the company's stock, valued at $4,005,746.60. This represents a 32.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ann F. Hackett sold 1,658 shares of the stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $198.70, for a total transaction of $329,444.60. Following the transaction, the director directly owned 56,244 shares in the company, valued at $11,175,682.80. The trade was a 2.86% decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Capital One Financial

A hedge fund recently raised its stake in Capital One Financial stock. Intech Investment Management LLC grew its holdings in shares of Capital One Financial Corporation (NYSE:COF - Free Report) by 44.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,968 shares of the financial services provider's stock after buying an additional 2,753 shares during the period. Intech Investment Management LLC's holdings in Capital One Financial were worth $1,608,000 as of its most recent filing with the Securities and Exchange Commission. 89.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on COF shares. JPMorgan Chase & Co. lifted their price objective on Capital One Financial from $210.00 to $245.00 and gave the company a "neutral" rating in a report on Friday, July 11th. Truist Financial boosted their price target on Capital One Financial from $215.00 to $225.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Barclays reissued an "overweight" rating and set a $253.00 price target (up previously from $212.00) on shares of Capital One Financial in a research note on Monday, June 23rd. Wells Fargo & Company boosted their price target on Capital One Financial from $210.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Finally, Bank of America boosted their price target on Capital One Financial from $223.00 to $233.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Four analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $222.07.

About Capital One Financial

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.

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